Bitcoin Market Crash Prompts Forum To Post Suicide Help Info

Bitcoin Market Crash Prompts Forum To Post Suicide Help Info

When Bitcoin value dipped by over 25%, a sub-forum on Reddit posted suicide help information to mitigate suicidal feelings among Bitcoin investors.

The rise in Bitcoin value has attracted a large number of investors to trade the cryptocurrency, but many have fallen victims to the unregulated market that is extremely volatile.

Bitcoin value recorded a high value of US$20,000 (RM79,000) last month and now has dipped to just over US$11,000 on Friday.

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Those who jumped on the bandwagon after regulators began cracking down are taking actual losses.

“If you feel you might be suicidal and live in the United States, I urge you to call the Suicide Hotline at 800-273-8255 or navigate to http://www.suicidepreventionlifeline.org/ for a live chat and additional resources,” a user posted on the r/Cryptocurrency subreddit.

Subreddits are effectively specialised sub-forums on Reddit.

“If you do not live in the United States please seek out local resources. /r/SuicideWatch has a list that may cover your country: /r/SuicideWatch/wiki/hotlines. Let others know if you need any other guidance to people who help.”

Similar to most other countries, Bitcoin in Malaysia operates in a grey area, where it is not accepted as legal tender but using and trading it are not illegal.

Bank Negara Malaysia will expand its anti-money laundering laws to cover Bitcoin, but will not regulate it and other cryptocurrencies.

[Source]

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